2455 FM 116, GATESVILLE, TX 76528

Homes for sale in Gatesville.

Homes for sale in 76528.


Active

List Price$820,515

2455 FM 116

Gatesville, TX 76528

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Listing #21295515

86.37

Acres

Lots / Land

Type

About This Property

Discover the perfect blend of productive ranchland, equestrian functionality, and natural beauty on this exceptional 86.37± acre property along FM 116 in Gatesville, Texas. Ideally suited for horse enthusiasts, cattle operators, and buyers seeking a versatile recreational ranch, this property offers a rare combination of income-producing acreage, reliable water features, and established agricultural infrastructure. The land is highly productive, with quality soils that consistently produce approximately 200--250 bales of hay annually while also supporting cattle grazing. Cross-fenced pastures provide efficient livestock management, and the property is currently leased for grazing, creating immediate income potential for investors or owner-operators. A standout feature is the property's frontage along Cottonwood Creek, a scenic corridor that typically maintains water flow except during the most severe drought conditions. Towering native vegetation, a grove of wild plum trees, and abundant wildlife, including whitetail deer, turkey, and dove create an attractive setting for recreation, hunting, and nature enjoyment. Two stock ponds further enhance the ranch's agricultural utility and wildlife habitat. Horse owners will appreciate the existing ranch infrastructure, including a sand-based roping arena, multiple barns and outbuildings, working pens, corrals, and a squeeze chute. Water and electricity are already extended to the barn areas, providing a strong foundation for equestrian, livestock, or agricultural operations. A small cabin offers additional flexibility as a guest quarters, ranch office, or weekend retreat. Buyers should note that utility services currently originate from an adjacent residence not included in the sale and will need to be independently connected by the future owner. Conveniently located with FM 116 frontage, this Central TX ranch offers productive hay ground, cattle grazing, horse amenities, recreational appeal, and creek frontage.

Property Features

Location Information

County

Coryell

Subdivision

J Thompson

Interior Features

Has Fireplace

No

Exterior Features

Utilities

Electricity Available, Sewer Not Available

Possible Best Use

Agricultural, Cattle, Grazi

Fencing

Barbed Wire, Cross Fenced, Perimeter

Zoning

none

Other Structures

Barn(s)

Road Description

Farm to Market Road, State Road, Asphalt

Horse Amenities

Arena, Barn, Hay Storage, Loafing Shed, Stock Pen(s)

Waterfront Description

Creek

Lot Description

Acreage, Pasture, Pond on Lot

Has Waterfront

Yes

Lot Size in Acres

86.37

Is One Story

No

Lot Size in Sq. Ft.

3,762,277

Lot Description

Acreage, Pasture, Pond on Lot, Creek

Current Use

Agricultural, Cattle, Grazing, Hunting, Livestock, Past

School

Elementary School District

Gatesville ISD

Jr. High School

Gatesville

Elementary School

Gatesville

High School

Gatesville

Additional Information

Property Type

LL

Has a Home Owners Association

No

Property SubType

Ranch

Exclusions

Gray Storage Building - will be moved.

Status

Active

Documents Available

Other, Topographical Survey, Aerial

Similar Listings

Mortgage Calculator

$3,830

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,956

Monthly Tax

$683

Monthly Insurance

$191

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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